Recently, Trump's attitude towards the nomination of the next Federal Reserve Chair has suddenly shifted, attracting market attention. The possible reasons include:

First, earlier this week, investigations related to Powell triggered strong reactions within the party, Congress, and financial institutions. The Senate Banking Committee, as a key part of the appointment process for the Federal Reserve Chair, holds significant influence. Currently, four members, including Tillis, have publicly expressed opposition, and this pressure from financial regulators cannot be ignored.

The decision of the Federal Reserve Chair directly impacts global financial policy directions and also profoundly affects liquidity and risk appetite in the cryptocurrency market. The collision of political games and economic realities often leads to adjustments in policy expectations. All market participants are closely watching the power balance behind this decision.